SINGAPORE - Barclays announces today that Robert Morrice, chairman and chief executive officer of Barclays Asia Pacific, will be retiring. Andrew Jones and Eiji Nakai have been appointed co-CEOs, subject to regulatory approval.
Based in Singapore, Andrew Jones joined Barclays in 2000 and is currently chief operating officer in Asia Pacific. He has extensive regional experience, having previously worked in both Hong Kong and Singapore as head of Fixed Income Syndicate and co-head of Global Financing and Risk Solutions.
Eiji Nakai has been CEO of Barclays' business in Japan since 2004, in which time he has overseen the growth of the franchise to be a leading international player within the Japanese market. He will retain his responsibilities for Japan.
Mr Jones and Mr Nakai will report to Eric Bommensath and Tom King, co-CEOs of Corporate and Investment Banking.
Robert Morrice has worked at Barclays for 17 years, of which the last 12 years have been spent heading Barclays in Asia Pacific.
Commenting on Robert Morrice's decision to retire, Antony Jenkins, CEO of Barclays PLC, said: "Robert has skillfully nurtured our Asia Pacific business over the last 12 years, with the franchise receiving multiple industry awards. I would like to thank him for his leadership and wish him well for the future."
Eric Bommensath and Tom King said: "Robert Morrice has been a truly exceptional colleague and leader. Given Andrew and Eiji's experience in building businesses, and their deep client relationships in Asia, we are confident that they will continue to drive Barclays forward in Asia Pacific, building on Robert's significant achievements."